As an analyst, I’m seeing significant selling pressure in Bitcoin investment products. Last week alone, we recorded $1.44 billion in net outflows, according to CoinShares data. This is the largest weekly withdrawal we’ve seen from Bitcoin funds all year, exceeding both last week’s numbers and the previous high point in January.
Recent strong selling pressure has lowered the total amount of money flowing into Bitcoin this year. Inflows have dropped from $3.9 billion two weeks ago to $2.6 billion last week, and now stand at $1.2 billion.
Crypto Investment Exodus Deepens
Digital asset investments experienced $1.67 billion in outflows last week, marking three straight weeks of withdrawals totaling $4.21 billion. According to CoinShares’ latest report, concerns about events in Iran seem to have outweighed any positive impact from the progress of the CLARITY Act.
Total assets managed fell to $141 billion last week, down from $148 billion the week before. This is the lowest amount since early April and mirrors a trend of similar declines experienced over five weeks between January and February.
Investors pulled $257 million out of Ethereum-based investment products, and interest in other cryptocurrencies (altcoins) also decreased. Only five digital assets saw inflows exceeding $1 million, down from nine the week before. XRP received the most new investment at $20.3 million, followed by Hyperliquid at $10.8 million and Near at $7.6 million. Funds that hold a variety of cryptocurrencies saw $2.3 million withdrawn, and investors also sold off Sui and Solana, totaling $1.4 million and $0.8 million respectively.
Most of the money withdrawn from digital asset investments last week came from the United States, totaling $1.63 billion. Germany also saw some withdrawals, at $25.7 million, but less than in recent weeks. Sweden and Hong Kong experienced smaller pullbacks, with investors withdrawing $6.6 million and $4.5 million respectively.
The Netherlands, Switzerland, and Canada also saw some money come in, with inflows of $1.3 million, $0.5 million, and $0.4 million, respectively.
Pressure Beyond Risk Appetite
Bitcoin is still experiencing downward price pressure, and recent investment data suggests this trend may continue. With investors feeling uncertain, some experts predict further price declines for the cryptocurrency.
According to Bitunix analysts, the issue with Bitcoin has moved beyond simply how much risk investors are willing to take. Now, it’s being affected by rising interest rates and a decrease in available money globally. If the upcoming jobs report shows strong growth and Treasury yields rise to 5%, investors might need to reassess the value of Bitcoin and other risky investments. Conversely, if the jobs report is weak, it could alleviate concerns about further interest rate hikes.
From where I’m sitting, the big question isn’t *if* the Federal Reserve will raise interest rates further, but whether the bond market has already done the work for them. In other words, we’re now focused on whether bond market reactions are effectively creating the economic slowdown that another rate hike would normally cause, even *before* the Fed actually meets. It’s shifted from anticipating the Fed’s actions to assessing the impact of what the bond market is already signaling.
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2026-06-01 20:15